Conagra Brands saw its shares decline in premarket trading after reporting a 6.3% year-over-year drop in Q3 FY25 sales to $2.84 billion, missing estimates. Adjusted EPS came in at $0.51, below the $0.53 consensus. Organic net sales fell 5.2%, impacted by pricing and volume declines. Despite setbacks, Conagra reaffirmed its FY25 outlook.
Packaged foods company Conagra Brands (NYSE:CAG) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6.3% year on year to $2.84 billion. Its non-GAAP profit of $0.51 per share was 3.3% below analysts’ consensus estimates.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 6.6% in the afternoon session after Conagra (NYSE:CAG) announced plans to partner with the company (Bloom Energy) to deploy Bloom's fuel cell technology at its manufacturing plants in Troy and Archbold, Ohio.
Shares of Bloom Energy Corporation (NYSE: BE) are trading higher Tuesday after the company announced a partnership with Conagra Brands Inc (NYSE: CAG) to implement fuel cell technology at its Ohio production facilities.
Conagra Brands is deploying Bloom Energy's fuel cell technology at its Ohio facilities through a 15-year PPA. This six-megawatt installation will provide up to 75% of the sites' electricity needs while cutting greenhouse gas emissions by 19%.
Over the last six months, Conagra’s shares have sunk to $25.99, producing a disappointing 20% loss while the S&P 500 was flat. This may have investors wondering how to approach the situation.
Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities.
However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how shelf-stable food stocks fared in Q4, starting with Simply Good Foods (NASDAQ:SMPL).
Stay informed about the performance of the S&P500 index in the middle of the day on Friday. Uncover the top gainers and losers in today's session for valuable insights.
Consumer staples are considered safe havens in turbulent markets due to their inelastic demand profiles. But they’re also double-edged swords as they often lag in booming conditions, and this pattern has persisted recently.
Over the past six months, the industry has recorded a loss of 7.9%, a far cry from the S&P 500’s 6.7% ascent.
